How do firms respond to cheaper computers? Microeconometric evidence for France based on a production function approach

The continuous innovation process experienced by the information technology industries over the last decades has caused the price of computer power to decrease dramatically. This has led many firms to invest massively in increasingly efficient computers. This paper is an attempt to assess the impact of the fall of the cost of this particular input, on the performances of firms in terms of marginal cost, aggregate labor demand and employment by skill. Unlike most studies dealing with the technological bias issue, most of which rely on the estimation of factor demand equations, our evaluation of the complementarities between computers, skilled and unskilled labor rests on the sole estimation of a production function. We define a set of parameters of interest, depending on the observations and on the structural parameters of the production function, enabling us to examine the impact of the computer price decrease on marginal cost, labor demand and the relative demand for skills. Using a panel of more than 5000 continuing French firms followed between 1994 and 1997, we estimate a translog production function and find that the effects of the decrease in the price of computers have been large, both in terms of marginal cost reduction and in terms of skill structure. A 15% fall of the computer price should lead to a decrease of around 0.7% in the marginal cost of production and to a rise of about 3.5% of the skilled to unskilled ratio, other input prices being held fixed.Computers, production function, marginal cost, factor demands, technological bias

Is the transmission of crude oil prices to gasoline prices asymmetric?

This paper provides evidence based on French macroeconomic data, that shocks on the cost of oil inputs are transmitted asymmetrically to the prices of fuel. We use an error correction model to estimate the dynamics of the transmission of the cost of crude oil expressed in French currency, to the production and before taxes retail prices of several kinds of fuel. We simulate the responses of the production and retail prices to positive as well as negative shocks affecting the cost of crude oil for three kinds of fuel: premium, diesel oil and domestic fuel oil. We also test for the presence of asymmetries in the transmission of crude oil to retail prices for two kinds of unleaded premium. The results for all five products robustly point to the existence of an asymmetry in the overall transmission of positive and negative cost shocks to prices, in the sense that crude oil cost increases are added to retail fuel prices faster than decreases are substracted. In the case of diesel oil, the asymmetry turns out to be significant at the production as well as the distribution stages. For domestic fuel oil, however, only firststage (production) asymmetries are significant, whereas for premium only secondstage (distribution) asymmetries may be robustly pointed out. Finally, measured asymmetry lengths range from one month to one quarter.prices, oil, asymmetry, error correction models, bootstrap

Rock magnetic and geochemical evidence for authigenic magnetite formation via iron reduction in coal-bearing sediments offshore Shimokita Peninsula, Japan (IODP Site C0020)

Sediments recovered at Integrated Ocean Drilling Program (IODP) Site C0020, in a fore‐arc basin offshore Shimokita Peninsula, Japan, include numerous coal beds (0.3–7 m thick) that are associated with a transition from a terrestrial to marine depositional environment. Within the primary coal‐bearing unit (∼2 km depth below seafloor) there are sharp increases in magnetic susceptibility in close proximity to the coal beds, superimposed on a background of consistently low magnetic susceptibility throughout the remainder of the recovered stratigraphic sequence. We investigate the source of the magnetic susceptibility variability and characterize the dominant magnetic assemblage throughout the entire cored record, using isothermal remanent magnetization (IRM), thermal demagnetization, anhysteretic remanent magnetization (ARM), iron speciation, and iron isotopes. Magnetic mineral assemblages in all samples are dominated by very low‐coercivity minerals with unblocking temperatures between 350 and 580°C that are interpreted to be magnetite. Samples with lower unblocking temperatures (300–400°C), higher ARM, higher‐frequency dependence, and isotopically heavy δ56Fe across a range of lithologies in the coal‐bearing unit (between 1925 and 1995 mbsf) indicate the presence of fine‐grained authigenic magnetite. We suggest that iron‐reducing bacteria facilitated the production of fine‐grained magnetite within the coal‐bearing unit during burial and interaction with pore waters. The coal/peat acted as a source of electron donors during burial, mediated by humic acids, to supply iron‐reducing bacteria in the surrounding siliciclastic sediments. These results indicate that coal‐bearing sediments may play an important role in iron cycling in subsiding peat environments and if buried deeply through time, within the subsequent deep biosphere

Simulation of the d.c. critical current in superconducting sintered ceramics

The new superconducting high-Tc sintered ceramics can be described in some case as a lattice of interconnected rods, in other cases as a more or less random packing of parallelepiped crystallites ; their size is about a few microns. The d.c. critical current at zero voltage of such a material is not related to the critical current of the bulk material, but to its granular structure. Indeed, the critical current between two adjacent cells is governed by the critical current of the weak link between them ; this link behaves within some limits as a Josephson junction, the critical current of which is known. For our present problem, the system can be modeled as a lattice of Josephson junctions. We present here results for the d.c. critical current at zero voltage of lattices of identical Josephson junctions in two dimensions. The influence of the finiteness of size of the sample is examined. The relationship with normal conductivity simulations and percolation is discussed

Vies moyennes de niveaux de 53Mn excités par la réaction 50Cr (α, pγ)53Mn

Les propriétés électromagnétiques du noyau 53Mn sont étudiées à l'aide de la réaction 50Cr(α, pγ)53Mn à Eα = 14,5 MeV. Les rayonnements γ sont détectés en coïncidence avec les groupes de protons observés à l'aide d'un détecteur annulaire placé à 180° dans l'axe du faisceau. Des rapports d'embranchement de transitions γ sont donnés. La méthode d'atténuation de l'effet Doppler a été utilisée pour déduire les vies moyennes : niveau de 3,42 MeV, τ = 1,0 +0,6-0,4 ps ; niveau de 3,44 MeV, τ = 0,13 +0,05-0,04ps ; niveau de 4,15 MeV, τ = 0,07 ± 0,02 ps. Pour les niveaux à Ex < 3 MeV nos valeurs de τ sont en accord avec des résultats obtenus ailleurs. Pour le niveau de 3,44 MeV nous déduisons Jπ = 15/2- sans ambiguïté. Certaines probabilités de transitions B(M1) et B(E2) sont déterminées et comparées aux prédictions des modèles récents

Microbial Sulfate Reduction Potential in Coal-Bearing Sediments Down to ~2.5 km below the Seafloor off Shimokita Peninsula, Japan

Sulfate reduction is the predominant anaerobic microbial process of organic matter mineralization in marine sediments, with recent studies revealing that sulfate reduction not only occurs in sulfate-rich sediments, but even extends to deeper, methanogenic sediments at very low background concentrations of sulfate. Using samples retrieved off the Shimokita Peninsula, Japan, during the Integrated Ocean Drilling Program (IODP) Expedition 337, we measured potential sulfate reduction rates by slurry incubations with 35S-labeled sulfate in deep methanogenic sediments between 1276.75 and 2456.75 meters below the seafloor. Potential sulfate reduction rates were generally extremely low (mostly below 0.1 pmol cm−3 d−1) but showed elevated values (up to 1.8 pmol cm−3 d−1) in a coal-bearing interval (Unit III). A measured increase in hydrogenase activity in the coal-bearing horizons coincided with this local increase in potential sulfate reduction rates. This paired enzymatic response suggests that hydrogen is a potentially important electron donor for sulfate reduction in the deep coalbed biosphere. By contrast, no stimulation of sulfate reduction rates was observed in treatments where methane was added as an electron donor. In the deep coalbeds, small amounts of sulfate might be provided by a cryptic sulfur cycle. The isotopically very heavy pyrites (δ34S = +43‰) found in this horizon is consistent with its formation via microbial sulfate reduction that has been continuously utilizing a small, increasingly 34S-enriched sulfate reservoir over geologic time scales. Although our results do not represent in-situ activity, and the sulfate reducers might only have persisted in a dormant, spore-like state, our findings show that organisms capable of sulfate reduction have survived in deep methanogenic sediments over more than 20 Ma. This highlights the ability of sulfate-reducers to persist over geological timespans even in sulfate-depleted environments. Our study moreover represents the deepest evidence of a potential for sulfate reduction in marine sediments to date

Signature inversion in axially deformed 160,162^{160,162}Tm

The microscopic analysis of experimental data in $^{160,162}$Tm is presented within the two-quasiparticle-phonon model. The model includes the interaction between odd quasiparticles and their coupling with core vibrations. The coupling explains naturally the attenuation of the Coriolis interaction in rotating odd-odd nuclei. It is shown that the competition between the Coriolis and neutron-proton interactions is responsible for the signature inversion phenomenon.Comment: 10 pages, 1 figure, corrected some typo

Random manifolds in non-linear resistor networks: Applications to varistors and superconductors

We show that current localization in polycrystalline varistors occurs on paths which are, usually, in the universality class of the directed polymer in a random medium. We also show that in ceramic superconductors, voltage localizes on a surface which maps to an Ising domain wall. The emergence of these manifolds is explained and their structure is illustrated using direct solution of non-linear resistor networks

Progress Report on Nuclear Spectroscopic Studies

The experimental program in nuclear physics at the University of Tennessee, Knoxville, is led by Professors Carrol Bingham, Lee Riedinger, and Soren Sorenseni who respectively lead the studies of the exotic decay modes of nuclei far from stability, the program of high-spin research, and our effort in relativistic heavy-ion physics. Over the years, this broad program of research has been successful partially because of the shared University resources applied to this group effort. The proximity of the Oak Ridge National Laboratory has allowed us to build extremely strong programs of joint research, and in addition to play an important leadership role in the Joint Institute for Heavy Ion Research (JIHIR). Our experimental program is also very closely linked with those at other national laboratories: Argonne (collaborations involving the Fragment Mass Analyzer (FMA) and {gamma}-ray arrays), Brookhaven (the RHIC and Phenix projects), and Berkeley (GAMMASPHERE). We have worked closely with a variety of university groups in the last three years, especially those in the UNISOR and now UNIRIB collaborations. And, in all aspects of our program, we have maintained close collaborations with theorists, both to inspire the most exciting experiments to perform and to extract the pertinent physics from the results. The specific areas discussed in this report are: properties of high-spin states; study of low-energy levels of nuclei far from stability; and high energy heavy-ion physics